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Court Freezes Accounts of 32 Individuals, Companies Linked to #EndBadGovernance Protest
A Federal Court in Abuja has ordered the freezing of bank accounts belonging to thirty-two individuals and companies associated with the recent 10-day #EndBadGovernance Protest.
This action, pending investigation and prosecution, was ordered by Justice Emeka Nwite, who also directed the banks to apprehend anyone transacting with these accounts.
EKO HOT BLOG reports that the court’s ruling, issued on Thursday and officially seen on Sunday, mandates that the banks place a Post-No-Debit (PND) order on the accounts, disable ATMs, but allow deposits. The banks are also required to notify the Nigeria Police Force immediately upon any arrest related to these accounts.
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The affected accounts include those at Fidelity Bank (4010073491), Access Bank (1255130019), Abbey Mortgage Multipurpose Bank Plc (0006084167), FCMB (0821931299, 1012007655), A AG Mortgage Bank Plc (0000575573), UBA (1007871587, 2037117333, 1022899050, 2088228208), ECOBANK (5421031104), Union Bank (0024541201), Branch International Services Ltd (8755008491, 8755008499), Fairmoney Microfinance Bank (4936992542, 3434649965), Sparkle Microfinance Bank Ltd (1000774097), KUDA Microfinance Bank (2013556714), Polaris Bank (3104962864), OPAY (8137051249), and PALMPAY (8137051249).
In the application, marked FHC/ABJ/CS/1219/2024, the Inspector-General of Police, Ibrahim Mohammed, identified several respondents, including PA.LIN.HO Global Service Ltd, Chinyere Nkiru, Obidient Movement Multipurpose Cooperative Society, and others.
Protest
The application argued that these accounts are suspected to hold proceeds from unlawful activities such as criminal conspiracy, terrorism financing, and treasonable felony. The police also claim that the accounts were used to promote destabilizing activities, including the display of a foreign country’s flag to undermine Nigerian sovereignty.
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Detective Gregory Woji, supporting the motion, detailed that suspects had been recruited to incite violence and undermine the government, with foreign nationals allegedly involved in these treasonable acts. He emphasized that freezing the accounts is crucial to prevent the suspects from withdrawing or transferring funds that could compromise the investigation and potential prosecution.
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